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COP orders new tug vessel

COP orders new tug vessel

Goa's Captain of Ports (COP) has ordered a new tug vessel which is being built at the cost of 5.65 crore in order to replace the existing one. The new tug vessel is 12 metric ton bollard pull compared to the pulling capacity of only 4 metric ton bollard of the present vessel. The new vessel is being built at Mandovi dry dock in Pilgaon

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China allays fears of India on Gwadar Port

China allays fears of India on Gwadar Port

Chinese Ambassador to Pakistan, Liu Jian allayed fears of the Indian government about Pakistan handing over management of Gwadar Port to China. Speaking at a function, the ambassador said the transfer of management is in the economic interest of the peoples of China and Pakistan

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CMA CGM hikes freight rates

CMA CGM hikes freight rates

Effective March 3, shipping firm CMA CGM decided to raise freight rates on its trade from northern Europe to India and Pakistan. The firm would raise the tariff by $150 per 20-foot dry container and $200 per 40-foot dry container. Effective March 15, the ocean carrier will hike rates from all Asian ports to the east and west Mediterranean and Black Sea by $65

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Beypore port plans to raise storage capacity

Beypore port plans to raise storage capacity

Jacob Thomas, Director of Beypore port assured all the stakeholders of the port that the management would examine whether it is possible to raise the storage area by occupying the land and buildings of Steel Authority of India (Sail). Recently, stakeholders of the port demanded for increased covered storage space. Shortage of port's own

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APSEZ seeks nod to re-notify Mundra SEZ

APSEZ seeks nod to re-notify Mundra SEZ

B Ravi, Chief Financial Officer of Adani Ports and SEZ (APSEZ) informed that the firm has made several representations to the government seeking permission for a new 1,840 hectare multi-product special economic zone. It may be noted that in October 2012, the gove

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APSEZ seeks nod to re-notify Mundra SEZ

APSEZ seeks nod to re-notify Mundra SEZ

B Ravi, Chief Financial Officer of Adani Ports and SEZ (APSEZ) informed that the firm has made several representations to the government seeking permission for a new 1,840 hectare multi-product special economic zone. It may be noted that in October 2012, the gove